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Montrose Environmental Group ( (MEG) ) has issued an announcement.
Montrose Environmental Group reported record third-quarter 2024 results, with total revenue reaching $178.7 million, marking a 6.4% increase over the previous year. Despite a net loss of $10.6 million, the company achieved a record Consolidated Adjusted EBITDA of $28.3 million, reflecting strong organic growth and successful acquisitions. Montrose reaffirmed its 2024 revenue guidance, emphasizing strategic capital allocation with a focus on deleveraging and cash flow generation. Recent acquisitions, including Spirit Environmental and Origins Laboratory, bolster Montrose’s capabilities in air permitting and environmental testing services.
For a thorough assessment of MEG stock, go to TipRanks’ Stock Analysis page.
